Kai Tak ideas contest down to final four

Four urban planning schemes have been shortlisted for public feedback in a HK$1 million (US$129,000) competition for ideas to turn part of Hong Kong’s former airport into an entertainment and tourism hub, the Hong Kong Economic Journal reported Friday.

The Kai Tak Fantasy International Ideas Competition is part of the Energizing Kowloon East campaign run by the Development Bureau’s Energizing Kowloon East Office.

Suggestions from the winning bid will be incorporated into the site, a 90-hectare area covering the tip of the former airport runway, the Kwun Tong Ferry Pier Action Area and the water body in between.

Office head Brenda Au said the competition attracted 80 submissions from Hong Kong, the mainland and overseas.

The public can see the four shortlisted submissions at various locations and online over the next two months and give their opinions. The winner will get HK$1 million (US$128,986).

The report also said investors have started snapping up properties in the Kowloon East district, with factory sites that can be converted into retail premises being the most sought after. Property agents said these premises could rent out for HK$100 per square foot and sell for over HK$10,000 per square foot.

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